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Property profile & analytics
OFF-MARKET
Estimated value
$3,635,000
Commercial real estate
17651 1st S Ave Normandy Park, WA 98148-2715
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1177755
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Construction
WOOD
Total area
8,360 SF
Lot
0.62 ac (27,007 SF)
Zoning code
NC
APN
312304-9180
UPID
US90-1177755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.64M
Owner & transaction history
Yoo Ga LLC · 4 yrs held
Yoo Ga LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
NC · Normandy Park, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+3.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Normandy Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Normandy Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,770,000
ML approach
$3,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,230,000
Current use
RESTAURANT
$4,385,000
Change: +4% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,440,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.64M
Range $3.27M – $4.00M · ±10% · vs last sale $3.50M (Sep 15 2021)
Last sale anchor
$3.50M
Sep 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$435 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,482
Tax year 2022
Assessed value
$2,749,200
Assessed 2022
Previous assessed
$2,749,200
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$432,100
Assessed improvement
$2,317,100
Land market value
$432,100
Improvement market value
$2,317,100
Total market value
$2,749,200
Applied tax rate
1,898.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Total area
8,360 SF
Lot
0.62 ac (27,007 SF)
Zoning code
NC
APN
312304-9180
UPID
US90-1177755
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · Normandy Park, WA
Zoning NC · permitted uses
NC · Normandy Park, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Normandy Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Yoo Ga LLC
Entity
Mailing address
8451 SE 68TH ST STE #200, MERCER ISLAND, WA 98040-5240
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$3,500,000
Yoo Ga LLC
Dmi LLC
Warranty Deed
$2,300,000 · Washington State Employees Cu
Feb 22, 2018
—
Djmi LLC
—
Deed
related
$978,816 · Banner Bank
Apr 4, 2017
—
Djmi LLC
—
Deed
related
$200,000 · Banner Bank
Aug 21, 2002
—
Djmi LLC
Marshall-inman,daryll & Jennifer
Quit Claim Deed
related
—
Feb 13, 2002
$825,000
Daryll M Inman
Craven Family
Grant Deed
$567,750 · Frontier Bank
Jul 1, 1997
$1,060,000
Craven Family LLC
Tsai,frank Y & Kuei F
Grant Deed
—
Jun 30, 1989
$185,000
Frank Tsai
Keener,regina M
Grant Deed
—
—
—
Djmi LLC
—
Deed Of Trust
related
$127,568 · American West Bank
—
—
Djmi LLC
—
Deed Of Trust
related
$670,073 · American West Bank
—
—
Djmi LLC
—
Deed Of Trust
related
$463,300 · Frontier Bank
—
—
Djmi LLC
—
Deed Of Trust
related
$729,818 · Frontier Bank
—
—
Djmi LLC
—
Deed Of Trust
related
$336,700 · Frontier Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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